Belonging to the Patodia group and promoted by PBM Polytex, Eurotex Industries & Exports commenced manufacture in 1989. The company manufactures cotton yarn of various counts -- from 30s to 100s. It diversified into the processing of yarn and manufacture of woven and knitted superfine cotton fabric of international standards, for which it came out with a rights issue at a premium in Oct.'92._x000D_ _x000D_ The company, a 100% EOU, has agency and selling arrangements with various reputed buyers in the UK, Switzerland, Germany, Italy and Japan. It was granted the status of a government-recognised Trading House in Apr.'95. The company also received the Silver Trophy from the Confederation of Export Units for its outstanding export performance. Eurotex commenced production of phase-I of its expansion project of 14,112 spindles at the second (new) 100% EOU. The entire spinning plant has been imported from Switzerland and will be the first of its kind in India. During 1995-96, the company has been sanctioned a foreign currency loan of US $ 6.5 million under ECB Scheme._x000D_ _x000D_ In the years 1997-98,1998-99 and 1999-2000 it was awarded trophies by Cotton Textiles Export Promotion Council, Bombay, Confederation of Export Units, New Delhi, Govt. of Maharashtra for excellence in Exports. _x000D_ _x000D_ It has accredited with ISO 9002 and Oko-Tex Standard 100 certification._x000D_ _x000D_ To meet the working capital requirements the company had issued 13% Debentures of Rs.500 lacs to UTI Banks in 2001 and the same has been redeemed during the year itself._x000D_